Counterparty Credit Risk Modeling

 SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $80,000.00 and $135,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

We are searching for a highly motivated and detail-oriented Associate to join Counterparty Credit Risk Analytics team. This role will be focused on supporting Valuation and PFE model development, modeling new products and engaging with risk IT team to drive implementation of new models/enhance existing models, performing ongoing monitoring for all models, exposure monitoring and BAU support, and ad-hoc analysis on various risk analytics project.

Role Objectives

• Support model development, implementation and enhancement.
• Perform on-going monitoring of models including back-testing and analysis of the results for any remediation action.
• Collaborate with different stakeholders to ensure compliance with regulatory requirements.
• Monitor CCR analytics for large DoD and MoM moves in PFE.
• Analyze/validate exposures (PFE) for any limit triggers and credit limit breaches.
• Partner with various teams for the quick resolution of production issues.

Qualifications and Skills

• Minimum 2+ years of experience in market risk or pricing model development.
• PhD or Master’s degree in Mathematics, Engineering, Physics, Computer Science, Statistics, or a related field.
• Familiarity with Capital Markets, derivatives products, and market risk models. 
• Strong analytical, problem-solving and communication skills.
• Proficiency in statistical programming languages (e.g. Excel/VBA, Python, SQL), data visualization tools (e.g. Power BI) etc.
• Ability to work effectively in a fast-paced and collaborative environment.

SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.